Welcome to our dedicated page for Tel Instrument Electronics news (Ticker: TIKK), a resource for investors and traders seeking the latest updates and insights on Tel Instrument Electronics stock.
Tel-Instrument Electronics Corp. (TIKK) uses Business Wire releases to provide regular updates on its operations as a designer and manufacturer of avionics test and measurement solutions. This news stream centers on developments affecting its specialized test sets for commercial and military aviation, including CRAFT, SDR-OMNI, SDR-OMNI/MIL, MADL, TS-4530A, and T-4530i programs.
Readers following TIKK news can review quarterly and annual financial results, where the company reports net sales, margins, operating expenses, and net income or loss, along with commentary on order backlog and major contracts. These releases often explain how supply chain conditions, funded engineering projects, and specific contracts such as CRAFT ECP, SDR-OMNI, and MADL influence reported performance.
Company news also covers contract milestones and customer wins. Examples include selection of the SDR-OMNI test set by Airbus for worldwide manufacturing operations, approval of SDR-OMNI by Boeing, initial SDR-OMNI/MIL orders from domestic and overseas defense customers, and Navy-related CRAFT ECP testing and production approvals. Tel-Instrument’s updates describe progress on engineering milestones like Test Readiness Reviews and platform testing, as well as expectations the company expresses about future production phases.
In addition, Tel-Instrument’s releases discuss legal and capital structure events, such as the Aeroflex litigation outcome, payment of the related judgment, preferred stock issuances, and use of credit facilities. Investors and aviation industry observers can use this news feed to track how these factors, together with new orders and backlog changes, shape the company’s outlook as described in its own communications. For ongoing context on TIKK, this page aggregates those public updates in one place.
Tel-Instrument Electronics Corp. (OTCQB: TIKK) reported net income of $499,633 and revenues of $2,672,742 for Q3 FY2021, impacted positively by PPP loan forgiveness. However, revenues fell by 44% year-over-year, with decreased commercial and military sales due to COVID-19 supply chain challenges. Operating loss stood at $224,000 compared to a profit of $1 million last year. Despite these challenges, the backlog increased to $5.7 million, and cash balances reached $4.96 million, with all bank debt repaid. The company anticipates improved sales in FY2022 and continues to focus on military communication applications.